RES 13-50ASOLUTION No. 2013-5
CITY of OTS GO
COUNTY of WRIGHT, MINNESOTA
A RI EiSOLUTION SETTING A PRELIMINARY TAX LE VY of $455395285 FOR
F .o . RTY 'SAXES PAYABLE IN 2014
rvH REAS, the Otsego City Council is required by State lav to establish a preffininary tax
levy for taxes payable in 2014 by September 15, 2013 and eeftify the preliminary tax levy to
the Wright CountyAuditor; and
NVHF,REAS, the' Otsego City Council has reviewed the City"s anticipated expenditures for
Rinds using property tax proceeds in 2014; and
WHERE,. S, the Otsego City Council has considered projected revenues for funds Using
property ty tax proceeds in 2014; and
NVHEREAS, revenues from sources other than propeity taxes are not sufficient to meet the
anticipated expenditures of said funds; and
rM REAS, the debt levies have been adjusted or cancelled based on revenue collections
arra projections .
NOW, THE, BEFORE, BE IT RESOLVED BY THE' CITY COUNCIL CI of THE CITY
F OTS GO, MINNESOTA:
1. That the following arrro-ants are the maximum to be levied as property taxes payable in 201
for the following purposes:
General Government t $
Tax Abatement 23g000
GO hn rovement Bonds 2003A 100po
GO Improvement Bonds Zoo ' 5,00
GO Improvement Bonds 2006B 1005000
Public Works Building Bond 2010E _ 20%28
Total Tax Levy $1532.285
2. That a copy of this resolution be transmitted to the Wright County Auditor,
MOTION BY: sCMoEOEa
SECOND BY; DARKENWALD
ALL IN FAVOR: STOCKAMP, SGHItOEDER, DARKENtvALD, WAREHTME
THOSE OPPOSED: NONE
ADOPTED by the City Council of the City of Otsego this 9th day of
September 2013.
ATTEST:
Tami Loll, City Clerk
2
CITY of OTSEGO
Ji s Stockam , Mayor